About a year ago, I hardly ever paid attention to gaps. These days, I’m quite fascinated by them, not only as entry opportunities but also as exit signals. One stock I was short, Ctrip.com, offers a beautiful example of this. It gapped up between July 31 and August 1 of last year. Although nearly half a year has gone by, it took that long for the gap to be filled, which happened today (the gap was at 37.46, and today’s low was 37.41 – – an amazing “tag” of the gap). (more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Zynga Will Get Zapped
Just a one-chart music…….along the same lines as my LinkedIn post, it just seems to me that as amazing a year as this has been for social media stocks, Zynga’s performance, relatively speaking, has been pretty sad. It did a decent job filling its gap (represented by the green tint), and my hunch is that it’s just going to languish in the low single digits, with occasional barfage along the way. This company peaked, I’d say, just before it IPO’d.
